Economists argue that in treating patients:
A. physicians should use any test or procedures that might help the patient.
B. health care should not be rationed by physicians because it is an entitlement or right.
C. both benefits and costs should be taken into account by physicians.
D. physicians should use any test or procedure whose marginal benefit is positive.
Answer: C
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What effect do low interest rates have on business investment?
(A) They encourage it. (B) They slow it down. (C) They generally stop it completely. (D) They do not have much effect on essential investment.
Which of the following statements is (are) correct? Over the past 20 years, the Federal Reserve
a. has only targeted monetary aggregates. b. has varied between an emphasis on interest rate control and targeting of monetary aggregates. c. has only emphasized control of the interest rate. d. None of the above